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NOTES TO THE FINANCIAL STATEMENTS

14. Principal subsidiaries, associates and joint ventures

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COMPARE TO 2016 PDF 98KB
  2017 2016
  % of investment (*) % of investment (*)
Subsidiary, associate and joint venture name Country of incorporation Nature of business Direct Indirect Direct Indirect
Full consolidation method
Τitan Cement Company S.A Greece Cement producer Parent company Parent company  
Aeolian Maritime Company Greece Shipping 100.000 - 100.000 -
Aitolika Quarries S.A. Greece Quarries & aggregates - 63,723 - 63,723
Albacem S.A. Greece Trading company 99,996 0,004 99,996 0,004
Arktias S.A. Greece Quarries & aggregates - 100.000 - 100.000
Interbeton Construction Materials S.A. Greece Ready mix & aggregates 99,910 0,090 99,910 0,090
Intertitan Trading International S.A. Greece Trading company 99,999 0,001 99,999 0,001
KTIMET Quarries S.A. (1) Greece Quarries & aggregates - - - 100.000
Porfirion S.A. Greece Production and trade of electricity - 100.000 - 100.000
Gournon Quarries S.A. Greece Quarries & aggregates 54,930 45,070 54,930 45,070
Quarries of Tagaradon Community S.A. Greece Quarries & aggregates - 79,928 - 79,928
Vahou Quarries S.A. Greece Quarries & aggregates - 100.000 - 100.000
Sigma Beton S.A. Greece Quarries & aggregates - 100.000 - 100.000
Titan Atlantic Cement Industrial and Commercial S.A. Greece Investment holding company 43,947 56,053 43,947 56,053
Titan Cement International Trading S.A. Greece Trading company 99,960 0,040 99,960 0,040
Brazcem Participacoes S.A. (2) Brazil Investment holding company - 100.000 - 94,000
Double W & Co OOD Bulgaria Port - 99,989 - 99,989
Granitoid AD Bulgaria Trading company - 99,760 - 99,760
Gravel & Sand PIT AD Bulgaria Quarries & aggregates - 99,989 - 99,989
Trojan Cem EOOD Bulgaria Trading company - 83.599 - 83.599
Zlatna Panega Beton EOOD (1) Bulgaria Ready mix - - - 99,989
Zlatna Panega Cement AD Bulgaria Cement producer - 99,989 - 99,989
Green Alternative Energy Assets EAD Bulgaria Alternative fuels - 100.000 - 100.000
Titan Investment EAD (3) Bulgaria Own/develop real estate - 99.989 - -
Cementi ANTEA SRL Italy Trading company - 80.000 - 80.000
Cementi Crotone S.R.L. Italy Import & distribution of Cement - 100.000 - 100.000
Fintitan SRL Italy Import & distribution of cement 100.000 - 100.000 -
Separation Technologies Canada Ltd Canada Processing of fly ash - 100.000 - 100.000
Aemos Cement Ltd Cyprus Investment holding company 100.000 - 100.000 -
Alvacim Ltd Cyprus Investment holding company - 100.000 - 100.000
Balkcem Ltd (1) Cyprus Investment holding company - - - 88.151
East Cement Trade Ltd Cyprus Investment holding company - 100.000 - 100.000
Feronia Holding Ltd Cyprus Investment holding company - 100.000 - 100.000
Iapetos Ltd Cyprus Investment holding company 100.000 - 100.000 -
KOCEM Limited Cyprus Investment holding company - 100.000 - 100.000
Terret Enterprises Ltd (1) Cyprus Investment holding company - - - 88.151
Themis Holdings Ltd Cyprus Investment holding company - 100.000 - 100.000
Titan Cement Cyprus Limited Cyprus Investment holding company - 88.151 - 88.151
Tithys Ltd (1) Cyprus Investment holding company - - - 88.151
Alexandria Portland Cement Co. S.A.E Egypt Cement producer - 82,513 - 82,513
Beni Suef Cement Co.S.A.E. Egypt Cement producer - 82,513 - 82,513
GAEA -Green Alternative Energy Assets Egypt Alternative fuels - 64,825 - 64,825
Titan Beton & Aggregate Egypt LLC Egypt Quarries & aggregates - 83,118 - 83,118
Sharr Beteiligungs GmbH Germany Investment holding company - 88.151 - 88.151
Arresa Marine Co (3) Marshall Islands Shipping - 100,00 - -
Adocim Marmara Cimento Beton Sanayi ve Ticaret A.S. Turkey Processing and trading of cement - 100.000 - 100.000
Pages: 123
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